I'm worried this property drying up my savings, although I am a penny pincher and can use my own labor and creativity to rehab this place (restoring with salvage materials or remodeling with used stuff).

So its nice to have that relationship so you can do work outs... larger less personal lenders will be pretty cut and dry

It's informative, and right away I can tell if they remember any French from college.Like many things in life (shampoo bottles, etc), adding some occasional French makes everything... nicer.Seriously, wholesaling is as wholesaling does.

We are still fairly new to this- we've had two turnovers- one was very easy (next tenants moved in the same day, we didn't even have a chance to shampoo carpets for them) and the second, well, due to smoking, cigarette burns in carpet, and cat pee, among other small damages and missing things, the total bill exceeds the security deposit and pet fee.

Ditto what Richard said about 110 degrees, but it's a dry heat!

Unfortunately these do cost more and tend to dry out in the can, causing waste.

Hedge fund investors decided to try out those markets so Calif reo's dried up a lot faster.

Dry cleaners, nail salons, etc.

When the money dries up, so too does your job.Likewise with the landlord/tenant relationship. 

Most newbie wholesalers will not do subject to appraisals as it costs money and doing this all the time will run them dry financially.